I need response for these two posts

agree or not

1)

Distinguish between an entitlement and a reimbursement grant. According to the textbook, we can determine that an entitlement grant are accounted for as a fixed, approprated amount af money that is regulated or legislated. This formula can be determined for a state or local governing body by measuring the region's population enrollment. income per capita and can get even more specific. As an intergovernmental revenue entitlements are dassified as a voluntary non-exchange transaction which is a result of legislative or contractual agreements amongst multiple parties. Since entitlements are measured by the aspects labeled above, there must be a stature of eligibility in order for an SLG to obtain these entitlement grants. Reimbursement grants are that of which the government must qualify after incurring qualifying expenditures. After qualifying for these expenditures. then the SLG may be entitled for reimbursement. The main distinguishable factor between the two grants is that SLG's aren't required proof of eligibility for an entitlement grant, but are required to provide documentation and legal eligibility in order to file for a reimbursement grant

2)

What is arbitrage? Why is an awareness of arbitrage important to a government finance officer? Arbitrage refers to the process of buying and selling assets from different platforms, exchanges or locations at the same time to take advantage of the spread (usually expressed as a percentage). When conducting arbitrage transactions, the number of underlying assets to be bought and sold should be the same. Only the price difference is recorded as the net income of the transaction. The return should be large enough to cover the costs involved in executing the transaction (Le. transaction costs). Otherwise, it doesn't make sense for a trader to start trading in the first place. Arbitrage as a great financing method, there are not many opportunities for it to happen. Govermment finance officer should have awareness of arbitrage to the arbitrage chance and also take effective supervision of arbitrage.